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Gavin Grey: Stocks and oil prices fall as Moderna CEO says current vaccines will struggle with Omicron
Global stocks and oil prices fell again Tuesday after a brief respite from the heavy sell-off triggered by the emergence of the Omicron coronavirus variant.
Stocks in Asia Pacific and Europe slid, while Wall Street opened weaker. Oil prices fell about 3% as more countries reported cases of the variant and imposed new travel restrictions. The mood was also dampened by a warning from Moderna CEO Stéphane Bancel that current vaccines will struggle with Omicron.
"There is no world, I think, where [the effectiveness] is the same level . . . we had with [the] Delta [variant]," Bancel said in an…
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